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From Kirsten Bischoff, Opalesque, New York:

Asset-raising remains tight across the board, and even though hedge funds have captured market gains, and protected on market declines, and many investors are still nowhere near ready to plow funds back into the markets. However searches by large US institutions (and some international institutional investors) seem to be picking up, and with them, the promise of much larger allocations as more institutional investors expand their market exposures through hedge funds.

As hedge funds prepare for an expected eventual flow of institutional assets, managers looking at an industry slipping back into negative asset growth (TrimTabs/BarclayHedge reported hedge funds saw redemptions of $3.5bn in April 2010), and wonder when they will begin to see actual allocations.

In spring 2009 “Green shoots” was the buzzphrase for market growth, and for the hedge fund industry, now it finally seems that it may be also appropriate for describing the first signs of expected institutional asset growth.

In the second half of May alone we learned that New Mexico State Investment Council would be switching from an internal to external manager for hedge fund investments; State of Wisconsin Investment Board currently ......................

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